Economic values for ecosystem services: A global synthesis and way forward

L.M. Brander, R. de Groot, J.P. Schägner, V. Guisado-Goñi, V. van 't Hoff, S. Solomonides, A. McVittie, F. Eppink, M. Sposato, L. Do, A. Ghermandi, M. Sinclair and R. Thomas

Ecosystem Services, 2024, vol. 66, issue C

Abstract: This paper presents a global synthesis of economic values for ecosystem services provided by 15 terrestrial and marine biomes. Information from over 1,300 studies, yielding over 9,400 value estimates in monetary units, has been collected and organised in the Ecosystem Services Valuation Database (ESVD). This is a substantial expansion of data since the de Groot et al. (2012) description of the ESVD and provides an important juncture to explore developments in the use of valuation methods and the contexts in which valuations are conducted. In this paper we provide summary values for 23 ecosystem services from 15 biomes to represent the magnitude, variation and gaps in economic values. To enable the comparison and synthesis of values, estimates in the ESVD are standardised to a common set of units (Int$/ha/year at 2020 price levels). This data provides a basis for value transfers to inform decision-making in current policy contexts but requires due consideration and adjustment for context specific determinants of value.

Keywords: Ecosystem services; Economic value; Monetary units; Ecosystem services valuation database (ESVD) (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:66:y:2024:i:c:s2212041624000123

DOI: 10.1016/j.ecoser.2024.101606

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